People are considering making many changes in their lives now that we are in a recession. This is not a necessarily a bad thing. Lowering costs is sound financial advice. One way to lower your overall cost of living is to downsize your home.
The absolute best retirement investment that will fit into any retirement plan is to have a debt-free home. That means to pay off the home mortgage as soon as possible, then use the money that was paying mortgage payments to start a retirement account or reinforce an existing one.
Choosing a smaller home does not necessarily mean living in tiny rooms. Current design trends call for open floor plans which make the most of space without adding unnecessary square footage. Formal living rooms have been disappearing from floor plans, and many homes feature a larger great room which combines the kitchen, dining room and family room in one flowing space.
Moving to a smaller home may initially be challenging for a variety of reasons, including emotional, but smaller spaces can be better. For most people it offers a more practical lifestyle; there's less to manage, clean, and maintain. Of course, there’s also less space and accompanying expenses to pay for too.
Many retirees are making a move out of the larger cities for a number of reasons, including lower living costs. In the Southeast, one of the true diamonds in the rough it the Weiss Lake property at this gated community.
Some of the most common reasons we hear for a downsizing move by seniors are the following: 1)lower household costs; 2) lower property taxes; 3) lower crime rates; 4) a closer knit, more friendly community; 5) more attentive and caring healthcare services; 6) an opportunity for a more active retirement in the outdoors; and 7) less traffic and congestion.
Downsizing your real estate holdings is probably one of the best things you can do as you ease into your senior years. Say goodbye to trying to keep up a house that is really to big for your needs. Say goodbye to trying to keep up with the Jone's and all the cost that goes with that. Say goodbye to the city rat race and high crime rates.
The absolute best retirement investment that will fit into any retirement plan is to have a debt-free home. That means to pay off the home mortgage as soon as possible, then use the money that was paying mortgage payments to start a retirement account or reinforce an existing one.
Choosing a smaller home does not necessarily mean living in tiny rooms. Current design trends call for open floor plans which make the most of space without adding unnecessary square footage. Formal living rooms have been disappearing from floor plans, and many homes feature a larger great room which combines the kitchen, dining room and family room in one flowing space.
Moving to a smaller home may initially be challenging for a variety of reasons, including emotional, but smaller spaces can be better. For most people it offers a more practical lifestyle; there's less to manage, clean, and maintain. Of course, there’s also less space and accompanying expenses to pay for too.
Many retirees are making a move out of the larger cities for a number of reasons, including lower living costs. In the Southeast, one of the true diamonds in the rough it the Weiss Lake property at this gated community.
Some of the most common reasons we hear for a downsizing move by seniors are the following: 1)lower household costs; 2) lower property taxes; 3) lower crime rates; 4) a closer knit, more friendly community; 5) more attentive and caring healthcare services; 6) an opportunity for a more active retirement in the outdoors; and 7) less traffic and congestion.
Downsizing your real estate holdings is probably one of the best things you can do as you ease into your senior years. Say goodbye to trying to keep up a house that is really to big for your needs. Say goodbye to trying to keep up with the Jone's and all the cost that goes with that. Say goodbye to the city rat race and high crime rates.
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A great example of a community that seems to offer all the advantages to the downsizer is the Weiss Lake property in this gated mountain community. That is also where they are building a green energy sustainalble home they are calling the Weiss Lake Southern Living Showcase Home.
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